Mining machine based on X11 algorithm

1.

According to the current difficulty calculation, we can dig about 1.012 Laite coins a day. This is the average calculation result in the mine pool. If there is an efficient mine pool or solo, maybe more

litecoin (abbreviated as LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world

lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places

design purpose

it is based on bitcoin protocol, but it is different from bitcoin in that even at the present stage, it can efficiently "mine" through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units

one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin

related website community

< UL >

official website of litecoin

official forum of litecoin

lightcoin China community

transactions

a peer-to-peer network similar to bitcoin handles lightcoin transactions, balances, and issues through a script workload proof scheme (when a sufficiently small hash value is found, the, A block will be created, and the lightcoin will be issued. The process of discovering the hash value and creating the block is called "mining"). The issuing rate of Leyte coins is reced by half every four years (every 840000 pieces) according to the proportional sequence, and finally the total number of LTCs is 84 million. Unlike bitcoin, the memory intensive feature of script makes it more suitable for "mining" with graphics processor (GPU). FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are more expensive than sha256 used for bitcoin

currently, lightcoin can exchange legal tender and bitcoin, most of which are through online trading platforms. Revocable transactions (such as credit card transactions) are generally not used to purchase Leyte, because Leyte transactions are irreversible, which brings the risk of refund. As of April 25, 2013, a Leyte is worth about $3.97 or 0.028 bitcoin. This makes Leyte the second largest electronic currency with a market value of about $35 million

client

litecain is a free software project released under MIT / X11 license, which allows you to run, modify and the software according to your own needs. You can also release a modified version of the software if you like

the software is released in a completely transparent form, and users can independently verify the binary version and the corresponding source code

mine pool

the lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine burst" is calculated, the system will reward 50 lightcoins at one time. At present, the computing power of lightcoin is growing rapidly, and the miner can't find the mine through several computers. Therefore, it is necessary to join the mine pool, which collects all the computing power, It is estimated that the probability of calculating the "blasting" value is higher

at present, the well-known mine pools include BTCC (original bitcoin China) mine pool, waltc.net fish pool (f2pool), wemineltc, coinotron, silverfish, liteguardian, litecoin pool.org, etc. But at present, the highest income is f2pool. Recently, it launched lightcoin theory income + 10% of mine pool subsidy = your actual income, which has attracted the attention of many miners and the instry

< p

< p < p < p

the world's main active countries, the exchange rate of digital currency <

symbol

< P >

> P >

lightcoin

LTC

201 1

coblee

is

litecoin / org

~ $3.6 billion

is

script

data block chain

litecoin block chain, compared with its competitor bitcoin, can handle larger transaction volume. Due to the more frequent generation of data blocks, the network can support more transactions without modifying the software in the future
as a result, businesses can obtain faster transaction confirmation, and they can still wait for more transaction confirmation when they sell large value procts

In fact, digital virtual currency is far from the above. Forbes magazine listed the top 30 virtual currencies in the market by their total market value and price as of 10:00 a.m. local time on the 27th. Caijing.com and venture capital Post said that there are at least 60 kinds of virtual currencies currently traded According to the Forbes report, bitcoin ranked first in market value and unit price. It was the lightcoin designed by Li Qiwei, a former Google programmer, that won "erlianya". In the past week up to the 27th, the price of lightcoin rose rapidly from $6 to $26, a considerable increase. The third to fifth place in the total market value are spot money, nominal money and prime money. The report counted the 24-hour gains as of the 27th. Almost all of the 30 currencies rose, with the biggest increase of the quark currency, reaching 278.55%. The report also said that almost all virtual currencies have taken a ride in the current round of bitcoin's rise, but most of them have poor business, with 8 companies with a total market value of less than $1 million and 19 companies with a unit price of less than $1

2.

Background: the financial application of blockchain technology brings high investment value

2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles

1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:

in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost

2. Why can blockchain solve the above pain points:

blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs

3. The application of blockchain technology in the financial field mainly includes the following aspects:

① digital currency

among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits

Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost

③ digital bills

④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost

The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology

4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points

in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it

Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall)

In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreement

bitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain

based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network

2. Master node network

the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan

Figure 6: Mining reward model

3. Digital currency does not worry about counterfeit money. If it is paper money, it worries about counterfeit money. I don't worry. I didn't take any money with me.

4. If it's an ordinary computer, you can dig any coin, but if it's a professional bitcoin miner, you can only dig bitcoin
however, some people are now developing mining machines that can dig a variety of algorithmic coins. The mining machines that Li'an science and technology plans to launch can dig bitcoin, Wright coin, sand coin, dog coin and so on.

5. About jiaozi coin

Chinese Name: jiaozi coin
English Name: oiocoin
abbreviation: oioc
Author: jiaozi coin team

technical characteristics:
total amount: 10 billion + oioc, (jiaozi coin has no pre excavation, Mining method: POW + node mining (each node can get 15% of the total number of coins g through this node, and the node requirements: 2 million oioc, server with fixed IP)
mining features: anti mining machine, wallet operation, one click mining
output: pre mining 4 billion (for 1:1 exchange of old jiaozi coins), Issue 3 billion in the first year, 2 billion in the second year, 1 billion in the third year and 100 million in the fourth year (to ensure the correct operation of the whole network)
block speed: 60 seconds
transaction confirmation: 6 blocks
maturity: 51 blocks
difficulty change cycle: 24 hours

6.

Sen (Guangzhou) blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered on August 28, 2018, with its registered address at B116, area B, 1st floor, cross strait information instry science and Technology Park, No. 8 Helong Road, Helong street, Baiyun District, Guangzhou (self declaration)

the unified social credit code / registration number of sen (Guangzhou) blockchain Technology Co., Ltd. is 91440101ma5cbepux6, which is a legal person company. At present, the company is in business

The business scope of sen (Guangzhou) blockchain Technology Co., Ltd. is software development; Information system integration service; Information technology consulting service; Data processing and storage services; Integrated circuit design; Development of natural science research and experiment; Engineering and technical research and experimental development; Research and development of electronic, communication and automatic control technology; Communication technology research and development, technical services; Internet blockchain technology research and development services; Research and development of Internet of things technology; Technical development and service of artificial intelligence algorithm software; Cold chain technology R & D services; Electronic proct testing; Software testing service; Wireless communication network system performance testing service; New material technology development services; New material technology consulting and exchange services; Network information technology promotion service; Software technology promotion service; supply chain management; Commodity information consulting services

check more information of sen (Guangzhou) blockchain Technology Co., Ltd. through aiqicha

7. It doesn't matter
the total amount of polocoin is 150 million. No pre excavation, based on X11 encryption algorithm, super secure hash operation, CPU mining + GPU mining (mining by mine preventer). The output of each pod is 2000, one pod is proced in 60 seconds, and the output of every 37500 pod is halved. No borders, cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties
I don't know much about Paul integral, but it is not directly related to PLC.

8. Jiaozi coin adopts X11 algorithm. It is a virtual coin with CPU mining, so it can be mined by computer. However, with the increase of the value of the coin, it becomes more and more difficult to dig. Now ordinary computers can dig up about 10000 yuan a day.

9.

I. project introction:

imagecoin (IMG) is an upgraded version of dash dash coin, which is a Chinese image coin. The project has realized the generation of digital code from any picture, and img is the main chain for storing and anonymously sending pictures and video files; The project has related landing applications. As the head project of private file / image transmission, it can solve the problems of transmission privacy and security based on the strong background of dascoin, one of the three privacy coins

2. Project information (as of April 17, 2019)

English Name: IMG

algorithm: X11 algorithm

scale: circulation of 7.45 million pieces, total amount of 21 million pieces

market value: 620000 US dollars

financing: no ICO, no pre dig

to citex.io transaction

Third, advantages:

1

The wallet can not only transmit images, but also video; By converting the image into digital code, Base64 on the chain, peer-to-peer anonymous sending, a good protection of the image security and privacy

3. Photography, architectural design, enterprise scheme, design drawings or private pictures are all good application scenarios. In real life, these images need to be transmitted

4. The code update ranks in the top 300, the community is active, and the super node needs to mortgage 10000 img, which will lock part of the circulation

5. The market value of the project is low and the growth space is large. With the continuous improvement and excavation of the project, it is expected to occupy a position in the field of encrypted image transmission

deficiency:

1

The design of the official website is relatively simple, and there is no mobile wallet, so the team needs to be expanded